Category Archives: Bankruptcy Planning

Can I Pay Back-Rent in a Chapter 13 Bankruptcy Plan?

Back rents can be repaid in full in a Chapter 13 bankruptcy in order to stop an eviction and preserve your right to remain in rental housing.

Click here to read more about back rent in Chapter 13 bankruptcy on the new Michigan Bankruptcy Blog of Michigan bankruptcy attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please feel free to contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

If I File for Chapter 13 Bankruptcy, Can I Get Out of It Later?

A Chapter 13 bankruptcy can be dismissed nearly at any time you no longer wish to remain in the bankruptcy. However, there may be reasons why you would want to stay in the Chapter 13 if you have already begun the process.

Click here to read more about whether you can dismiss a Chapter 13 bankruptcy case on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident considering filing for bankruptcy, please feel free to contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Can I Lower my Salary or Wages to Pass the Chapter 7 Bankruptcy Means Test if I am Self-Employed?

Some small business owners inquire as to the possibility of artificially lowering their income or taking less wages out of their business prior to filing a bankruptcy petition in order to pass the Chapter 7 means test.

This possibility is fraught with peril for uninformed individuals. Click here to read more about whether one can lower wages to pass the means test in bankruptcy on the new Michigan Bankruptcy Blog of Michigan bankruptcy attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Do I Have to Include my Annual Bonus in the Chapter 7 Bankruptcy Means Test?

An annual bonus or other “extra” income received within the 6 months prior to the filing of a Chapter 7 or Chapter 13 bankruptcy must be disclosed and computed in the bankruptcy means test which determines Chapter 7 eligibility and determines whether you are eligible to propose a 36-month Chapter 13 payment plan rather than a longer payment plan.

Click here to read more about the including an annual bonus in the Chapter 7 bankruptcy means test on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident considering filing for bankruptcy, please feel free to contact us at john@hillalaw.com or (866) 674-2317 to schedule a free, initial consultation.

Are Assets in a Trust Protected in Chapter 7 Bankruptcy in Michigan?

Placing assets into a trust may not be an effective way to protect your personal property if you are planning to file a bankruptcy in Michigan.

Click here to read more about the protection of assets in trusts during Chapter 7 or Chapter 13 bankruptcies in Michigan on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Is There Really a Stigma to Filing Bankruptcy?

It is largely a myth that your reputation will suffer because of a Chapter 7 or Chapter 13 bankruptcy filing.

However, that does not mean that potential bankruptcy filers do not have good cause for concern.

Read more here about the stigma associated with a bankruptcy filing on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Will My Chapter 7 or Chapter 13 Bankruptcy Affect my Family?

One of the most common questions people have prior to filing a Chapter 7 or Chapter 13 bankruptcy is with regard to whether the filing will affect their family-members and loved ones.

To read more about bankruptcy and its effect upon family-members, click here to read our full article on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.